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Accumulation of trend potential

Accumulation of trend potential | 18 February 2016

18 February 2016, GBP/USD

Daily chart: pressure is going to increase in direction of support line 1.4140 (bottom Bollinger line). Support line could be loaded. Envelopes are horizontal the main expectation would be bounce up.

Accumulation of trend potential

Н4: local support is 1.4203 (bottom Bollinger line).

Accumulation of trend potential

Н1: horizontal corridor is 1.4263-1.4323.

Accumulation of trend potential

Expectation: flat 1.4263-1.4323.

Trading decisions: sells from 1.4323 to 1.4263 or perhaps to 1.4203

Aleksey Panasenko
FreshForex Analyst
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